Topic: A very good speech concerning Cryptocurrency. (Read 253 times)

Her response was unique, clear and precise. When i watched that video i smiled because i felt the men are the gender that quickly adopt to new  technology advancement regardless of the age. But now i understand, perhaps i thought wrong, no gender should be underestimated. The female speaker had more to say but she decided to make it brief, because explaining everything wont change anything. The internet is there for the president to do their own researches and why dont they do n presentations in their senate meetings.

Fuck Nigerian is backward. What they needed in that senate meeting was a proper analytical presentation showing the number of Nigerians that their means of income are bound to cryptocurrency. And also show how it has help improved development in the country, providing business, work for the unemployed. Crimes have reduced and so many corrupt practices too which is because of how the youth have engaged into the internet space instead if being hoodlums on the street.

Speaking very frankly, the senator used the right words to buttress the point of which is that, cryptocurrency wasn't invented by the government, it is foreign and is still gaining adoption and it has helped international traders, merchants and investors do their business peacefully without much commercial Banks palava and fees that can choke.
All the government should be focused on is to regulate it. That is regulate Crypto currency activities in the country,  so as to give cyber criminals, money launderers, fraudsters a very tough time with while using the Blockchain network and decentralized platforms.
They can also try to encourage developers and coders create more jobs by allowing an enabling environment and in such way, they help improve the micro and macro economies of both individual citizens and the country in general.

If there are more of this kind of presence in the government then we would get to see lesser decisions made from a position of bad information or bias. Our government's efforts to frustrate the efforts of the youths and others using crypto currency is totally not commendable but what can we say because we actually know say dem get their reasons for their yeye character. This senator, is an example of someone that does their own personal research and not an example of those who they rely on the research of others without trying to find out their own. She deserves to be the Senate President for just the singular action to me.

We have greedy leaders who have no time to settled down and tackle the problem but becomes more concerned when it involves money for their selfish interest. The Nigeria government wouldn't settle for anything other than watching their bank accounts been pocketed with huge figures coming from money for country's budgets. We just always strive for greatness and not minding the current phase of the country's economy. The country no be am again, e dey worst when new government take over. I was thinking that the current president of Nigeria, Ahmed Bola Tinubu would push efforts to save the country.

Nigeria mata and crypto don tire me sef,I no really know wetin dey worry dis our government officials and CBN.The lady is just been truthful,she know how cryptocurrency don help the youths.Now my question be say na cyptrocurrency dey cause Naira devaluation?
Currently CBN don give Fintech banks the go ahead to ban any user account wey use promote crypto transactions.CBN and the government no just like the fact say the youths dey use cyptrocurrency dey help themselves.I like the fact say the lady speak sense into their head,the part I grabbed and love most in her speech na when she tell dem say as no be the government invent crypto dem no go fit end am,so dem just dey fight fight wey no go anywhere.Dem fit just manage the use of cryptocurrency to reduce illicit act by internet fraudsters nothing more.

I dey happy say atleast we get one person wey get sense for the house. Awa politicians dem fail to understand say di world don evolve, boys dey do remote jobs and virtual currencies na how many of dem dey take receive payment. With di way di country dey, if person stop dis kind hustle, how man pikin want tell survive because job no dey. Just as di woman talk, dem no fit kill wetin dem no create, rather di only thing wey dem fit do, na to try regulate am.


You dey mind dem. Many crypto startups wey suppose come Nigeria because say na we be di second top crypto nation by users for world, bin run go Ghana and South Africa because how hostile di past administration bin dey towards cryptocurrency. Awa government na enemy of progress and dem want to be lagging behind while the world is moving forward.

Yes they're the major users of dollar and are trying to manipulate people into believing those exchanges are at fault, so everyone would think the cryptocurrency is crumbling our economy but that's not true, only the ignorant people who have no idea about Cryptocurrency would believe such. Our government is bad and I won't think twice before I believe they're the ones manipulating it all.

 For instance during the previous election when the former CBN governor made Naira scares before the election to avoid vote buying some politicians seeked another alternatives and started distributing dollars to selfish citizens and Inec officials, that alone is capable of devaluation of Naira against dollar. But yet none would be held to give account for that

 What they're forgetting is that no government would last forever, their own tenure would pass and a new government would come in, we might suffer this for a while but it won't last forever. One thing I love about Nigerian youths is that we'll always make a way for survival and I just hope the new government would be Crypto friendly and appoint sensible officials especially in the financial and economic sectors.

 I agree with you boss man, I happy say we still get reasonable politicians for this country and that woman na prove to that. From her speech she done show say she dey learned and get good understanding about Cryptocurrency and how eh fit help improve the economy of the country. Most of those old men done see say the youths they make lots of progress and dey improve their businesses with the help of Cryptocurrency, them no just want  youths to progress for this country cause them feel say na threate to their government. On a normal the thing wey that woman talk make a lot of sense and a reasonable Sen President suppose give listening ears to that speech for the betterment of this country but for the fact say she dey minority party I no think say those old men go take am seriously, and because of their selfish interests too. That's why them they use CBN to set regulations wey go devalue our currency so them fit hoard more dollars instead of to help build our economy, i blame the CBN Governor sha.

Omo that your last statement really got to me because I never really check and look at the whole thing from that angle and that's why am marvel to the fact you dropped, I don't know how true this is but it's seem like exactly what the Nigerian government can do because they themselves are the major user of the dollar and now they have pinned everything on the poor image of binance and all CEX and crypto at large.

What if they succeed in achieving their plan of delisting NGN from all P2P platforms, how will people be able to connect and trade before it gets to the point of not indicating cryptocurrency in the transaction description?

Sometimes I do think that the government of the day are deliberately making effort to frustrate the younger generation for reasons best known to them. They are so quick to implement policies they copied abroad without considering the infrastructure,  economy and other things that made such policies to work abroad which are not available here.

I will love to know how the fall of Naira against the dollar helped or will help the government in paying the Chinese loan. For salaries, it is understandable but that of Chinese loan confuses me a lot as I have not been able to see the clue and I was even thinking it will make it difficult for them to pay the loan.

I also believe that CBN is the major threat to cryptocurrency now because they are the ones feeding the Federal government that crypto transactions are the cause of Naira devaluation but if a bill can be passed to supercede that of the CBN which I still feel it will be impossible because the CBN are working in alliance with the federal government so such bill may not be passed.

The CBN moving to give FINTECH directives not to allow their customers perform crypto transactions is laughable because just like I said in the other thread that Nigerians in the crypto industry have grown to a length that the decision of the government cannot really hinder everyone from performing crypto related transactions.

We all already knew that the naira have been going through manipulation by the federal government for a long time now but making look like crypto transactions is the cause of Naira devaluation is just nothing but making a case where there is no case.

Right from time, our Nigerian government have always failed to approach the issue about cryptocurrency in the right manner, that is, by approaching these exchanges to have a unified terms of service, but rather they never did it and now want taxes to be paid to them, whereas there was no memorandum of understanding from the unset. So in regards to her speech, I will I really acknowledge her for been truthful, because it only take an enlightened person who is expose to modern day technology to reach the way she did, as her speech will go a long way to enlightened the Senate that crypto has indeed done more good than evil to the Nigerian youths, and deserves a chance, even if it will be regulated with the help of these exchanges, because delisting NGN from the different exchange trading pair will never solve the issue of Naira to Dollar depreciation, and as such it better they approach this amicably.

Mama na mama. Mama no go fit dey house see say hungry dey catch her children make she no do anything. Mama feel for children pass their papa, and this na him make those heartless men wey no dey consider the youths just dey do anyhow on cryptocurrency issues for the country because them know say them no go fit benefit from am since them dey use to the traditional money system.

Nigeria government should allow the youths to breathe by finding a means wey them go fit take regulate cryptocurrency currency instead of this unfavorable leg wey them dey bring to choke easy use of crypto for us to help our lives with am. If them regulate am, the government go also benefit. If say na wetin these old folks go benefit from, them for don rush make everything easy. Na our turn to shine, the government likes it or not, e ause we are independent, and we don't need them to make money.

In any National House Assembly in any regime.therw good and bad law makers and the suggestions of the good ones are not considered as good while the bad ones are accepted one because they are in large number to voice out over the good ones. And the suggestion of that senator to regulate cryptocurrency for the youths to do their normal business will be accepted by the majority in the house. We have politicians that understand how live is in Nigeria and how this unemployed youth dey take dey manage their life with this cryptocurrency business.

Even taking this fight to the exchanges is not the best approach to be used though the exchanges are also over doing their part for the manipulation of the naira but a simple policy can correct everything.

Sir,You dey talk truth,our govt dey very bias anything wey go benefit the youths,wey go remove our youths from poverty, you go see say govt go Start to fight that thing. Check that Senate house,you go see say those lawmakers dey only pass bill wey go favor them and der rich folks alone. If politicians 4 diz contri sell/ convert der dollars to naira,our naira 4 don appreciate stronger against d dollars. The reason why govt dey fight crpyto na bcos dey no want see our youths grow for diz contri,you know dey ask yourself why govt no dey like to create jobs for diz contri,dem no won just see us make am at all,dem won make we continue to dey beg dem money and food to eat,but God pass them bcos crypto have com to rescue our youths from poverty.

The thing be say we have reasonable politicians in the midst of all the useless ones we have in the office. I see her somehow young and this might be why she understands what crypto is and advising her fellow house members to look for  ways to benefits from it instead of banning it. The Nigerian government are just not being considerate, dem no dey see say the country no easy so abi dem wan make we dey beg dem to chop from morning to night, this one way we dun use dey see front dem no want make we enjoy am. The government no know wetin dem go focus attention on because there are many ways to fight the Naira devaluation wey dey happen so and strengthen the economy of the nation wey no go involve attacking cryptocurrency.


E get businessess self wey dem go kill before e start, there are many businesses wey for find their way into the economy but as the government dey attack the industry dem dun they chase away the business already. Na the negative treatment wey the government been given the industry from day one na wetin hold back the growth of cryptocurrency for the country now they wan add this one wey go just kill everything crypto for the country. Our government no dey try so next time before we vote anybody into power make we make sure we know their literacy level so dem no go dey kill wetin fit bring development for the country.

Normally self, some people no really like this cryptocurrency matter, thinking say na waste of time and energy and some think say na scam, talk more of our leaders wey be dem dey find all possible means to comot cryptocurrency in this country best reasons know to them but me I see am say them dey block our way of progress and innovation for this country, they just want us to always be dancing to their tone forgetting say we too get say as far as na wetin go profit us because cryptocurrency don and go still dey change the life of more people for Nigeria here too. So depending on our traditional banking or the government alone will be at our own risks.

The Nigerian government is always as confused as ever in their solution on national concerns. Its getting crystal clear that the fed is against the progress of the youths. The youths are utilizing crypto to progress and make a living and the government is tagging it a national security threat, forgetting its good sides and focusing on the perceived negativity. Why would they be pessimistic on what's clearly a promising  future for the current and younger generation. I'm happy not everyone of them in the senate is as daft as the rest. The lady spoke well.

If you notice properly,  the crime rates reduced significantly with the strong emergence of crypto related activities. It has provided jobs for the youths and a means of livelihood independent of the government. We can take ourselves as examples that are getting some passive funds from Sig. Campaigns. I know some friends that are good in trading and they're living fine. The crypto that could enrich the economy if properly managed is being attacked by the government. What a shame and lack of foresight!. Like the woman rightly said, you cannot destroy what you didn't create. The earlier they understood that, the better for them.

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It show from this woman, that we still have people in the Senate position who are bold to tell the Senate president the truth, that cryptocurrency has removed many poor youths of Nigeria from poverty which the government need to create a good atmosphere for the youths to have freedom to cryptocurrency in the country.

Based on the comment the senator made, it show that if she courtesy for president position in the future, and she win the president sit, she will surely make cryptocurrency legal tender in the country to make both international and local business men and women to use cryptocurrency to improve their business.

I guess, this woman have the knowledge of cryptocurrency because she has hit some points Senate president need to know not to allow anybody to deceive them to ban other Cryptocurrency exchanges which is the fear of many crypto users.

The woman is given a strong hopeful speech, and trying to let them know that its hard to destroy what you can't build, why we still watch their python dance of going after crypto the truth remain that our government don't really know what is affecting the economy and how to fight against it because no body can clearly state the area crypto leads to the economy challenge we are facing recently fuel is scarce in may state now in this country and cost has risen where many filling station sell above the required price does that has to deal with crypto the answer is no, the truth remain that our government want to dance around why achieving their aim of raising dollar to that point by CBN.